this post was submitted on 24 Jan 2024
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44
Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000 (www.theguardian.com)
submitted 10 months ago by gumnut@aussie.zone to c/australia@aussie.zone
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[–] Marsupial@quokk.au 3 points 10 months ago (1 children)

Rent is way more than half my income. If I had an extra $100,000 a year I’d be set for life.

[–] naevaTheRat@lemmy.dbzer0.com 4 points 10 months ago

that's gross remember. It's defs good money but it's 110k ish annually. If you're on 50k gross you're getting 44ish annually? so it's 2.5 times your income.

Although a lot of people earning that much assuming they're not sole income for a family can probs afford tax minimising shenanigans though.

Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you're laughing though.